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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

According to CryptoQuant data, Bitcoin (BTC) open interest has climbed to a new all-time high of nearly $44.5 billion. The rise in BTC’s open interest came amid a price dip, which has raised some concerns about the asset’s performance. The development could signal a rise in leverage and higher risks of volatility and price swings. A 2021 study found that a rise in open interest amid a price dip could introduce a 30% rise in volatility. A similar pattern was observed in 2017, when BTC experienced a rise in open interest and was followed by a 70% correction within weeks. Exchanges could automatically sell off collateral to cover their losses. Source: CryptoQuant Will BTC Face A Correction? Source: Mynewsdesk.com While historically, Bitcoin (BTC) has faced corrections when similar events have taken place, a lot has changed over the last year. The ETF products have brought a lot of institutional money into BTC. This aspect of the equation was absent during the 2017 dip. BTC...

The Hedera coin (HBAR) is up over 98% in the last 30 days, one of the strongest gainers on the crypto market. The boom comes as the crypto market overall is rallying, led by Bitcoin reclaiming $119,000 for a short period. The approval of several pro-crypto bills last week is also fueling the rally, and has analysts projecting a further surge for altcoins like HBAR. Should the Hedera coin continue this rally path, it could target and surpass its ATH sometime in August. Why is Hedera (HBAR) Spiking in Price? Hedera HBAR is also spiking after a promising development on the Hedera crypto ledger. Several financial heavyweights, including BlackRock & Fidelity, added representative tokens to HBAR’s ecosystem. The institutional interest in Hedera sent HBAR skyrocketing, making it one of the best crypto performers in July’s bullish market. In addition, HBAR’s market capitalization has restored the yearly peak levels, exceeding $12 billion for the first time since last January. Several cryp...

Pi Network (PI) has made waves in the cryptocurrency realm. The coin hit an all-time high of $2.99 earlier this year on Feb. 26. Although the coin has been around for a few years, its price shot up over the last few months. Despite the bullish breakout, PI’s price has fallen by 53.6% since its February highs. Also Read: Shiba Inu: AI Predicts SHIBs Price For March 15th 2025 Pi Network Plummets Amid Market Correction Source: Coinpedia PI’s price has fallen 22.1% in the weekly charts and 10.8% in the 14-day charts. Despite the dip, the asset has maintained some gains in the daily charts. PI’s price is up by a mere 0.1% in the last 24 hours. Source: CoinGecko Also Read: Hedera Coin: AI Predicts HBAR Price For Mid-March 2025 The latest market correction comes amid growing global trade tensions. The US has announced sanctions against Mexico, Canada, the European Union, and others. The move has led to a substantial dip in investor confidence. PI and other crypto assets have ...

Despite its recent correction, Chainlink (LINK) is up more than 53% this year, with January looking to prepare a record-breaking 2025 for the cryptocurrency. Indeed, the asset has stumbled throughout the holiday season, alongside most of the sector. However, that doesn’t lessen excitement over what’s to come for the asset class. The entire industry has high hopes for 2025, and many expect it to outperform what has taken place over the last 12 months. With Bitcoin set to lead an ongoing surge into unprecedented territory, analysts are expecting Chainlink to be among the assets set to break records in the coming year. Also Read: Chainlink (LINK) to Rebound 160% From December Drop: Here’s When Chainlink Has Solid 2024 As It May Be Set to Break Records Next Year Source: Watcher Guru Also Read: Chainlink Falls 15%: Why Analysts Still Expect LINK to Hit $35 in January Any way you look at it, 2024 was an unforgettable year for cryptocurrencies. In January, the United States approve...

A closely followed crypto strategist believes XRP is gearing up for bullish continuation after rallying hard last month. Pseudonymous analyst Credible tells his 446,700 followers on the social media platform X that he’s keeping a close watch on XRP in its Ethereum pair (XRP/ETH). According to the analyst, his initial target for XRP/ETH would bring XRP/USD to a price area last witnessed in January 2018 when the altcoin reached its all-time high. “We still have another ~98% of upside to go against ETH before my first main target on the XRP/ETH pairing is met. At current prices of ETH ($4,000), that would put XRP at over $5. In the immediate short term, looking for a reclaim of this low time frame range for a ~30% move to the upside which should put us over $3 for the first time in over six years.” Source: Credible/X Ultimately, Credible believes that XRP will explode to a new all-time high this cycle, potentially reaching a minimum of $10. ...

With the asset surging over the last month, Ripple (XRP) may well be on its way to setting a new all-time high of $4 in 2025, with traders anticipating when the landmark could be set. The asset has been one of the key winners of the November bull rally, but it could be just the beginning for the crypto. Amid the 2024 presidential election win for Donald Trump, the entire cryptocurrency market skyrocketed. With Bitcoin reaching six figures for the first time in its history, it has proved to be a rising tide lifting all boats. However, with an interesting landscape set to emerge in the coming year, XRP could be set to reach unprecedented heights. Also Read: Can Ripple (XRP) Reach $3 Before 2025? Ripple XRP November Rally Could Set the Stage for $4 All-Time High in 2024 There are few cryptocurrencies that represent the ongoing shift in perspective, as well as XRP. The token had been the subject of an ongoing legal battle between the US Securities and Exchange Commission (SEC) and Ripple. ...

The Bitcoin price surged 2% in the last 24 hours to trade at $72,146 as of 04:24 a.m. EST on trading volume that surged 10% to $52.16 billion. This comes as the BTC price hit a high of $73,577 on Oct. 29, just shy of the all-time high price of $73,750 recorded in March this year. Bitcoin is up 111.8% in the past year, after starting 2024 in the $42K range, according to CoinGecko . This comes as US spot BTC ETFs (exchange-traded funds) saw over $870 million in net inflows on Tuesday, the third highest since launch, with BlackRock’s IBIT leading the way with a $629 million influx. Bitcoin Price Bulls Aim To Sustain The Bullish Stance The Bitcoin price is trending within an upward channel marked by two orange lines. This channel, starting around August, represents a bullish trend with higher highs and higher lows, indicating growing buying pressure. BTC/USD Analysis on the 1-day chart is trading near the top of this channel at around $71,000, which is a resistance level...

An analyst who earned the “Master Trader” rank on the crypto exchange Bybit believes that one frog-themed memecoin will leave most digital assets in the dust. Pseudonymous trader Bluntz tells his 276,300 followers on the social media platform X that he sees Pepe (PEPE) pulling off an over 2x rally en route to a fresh all-time high. The trader shares a chart suggesting that PEPE could surge to as high as $0.22. “I like to chart all my meme positions against each other to gauge what looks the strongest and then designate whichever that one is as my largest bag. Healthy to have some diversification of course, but I always try to have my largest position in the fastest horse. The fastest horse (of my bags) seems to be PEPE.”  Source: Bluntz/X At time of writing, PEPE is trading for $0.000112, up over 5% on the day. Another altcoin on the trader’s radar is Sui (SUI), a layer-1 crypto project referred to by many as the Solana (SOL) kil...

2024 has been a standout year for Bitcoin , seeing the asset reach new all-time highs earlier this year. Over the past seven days, BTC surged by 3.11% and reached nearly $65,000 following a bearish August. Since its weekend climb though, the asset has fallen back down to $61,587.81, a 4% drop in 24 hours. Despite this tumble though, there is still strong optimism of a positive Bitcoin performance come September. Since Bitcoin reached its all-time high of over $73,000 in March, bulls have believed that the next possible target is $100,000. Several analysts have been suggesting that BTC could move beyond the $70,000 mark again very soon. Several believe that the world’s largest cryptocurrency will soon move towards $100,000, a new high. Reclaiming the $65,000 resistance remains a crucial first target for Bitcoin in the path towards $100,000. This is certainly possible in the coming months thanks to the growing influence of cryptocurrency. Crypto has become a top point of discussion among...

Amid Bitcoin’s (BTC) ongoing struggle to convincingly sustain levels above $60,000, technical Analysis , combined with historical price patterns, suggests a potential path towards a new all-time high (ATH) of around $250,000 by late 2025. In a recent Analysis shared by crypto analyst CryptoCon on August 19, Bitcoin’s price movements were evaluated using the November 28th Cycles Theory.  This theory divides Bitcoin’s price history into four distinct phases. Notably, ‘New All-Time High (Red Year)’, ‘Bear Market (Orange Year)’, Accumulation (Green Year)’, and ‘Preparation (Blue Year)’.  Picks for you Mike Lynch’s net worth revealed: How rich is the missing British tech entrepreneur? 39 mins ago XRP flashes signal hinting at reclai...